$DEXE #DEXE/USDT is showing some interesting action today, currently trading around $8.91 with a solid 7%+ gain. This DeFi token is catching attention in the Traders League category, and here's what you need to know:
The price is testing the upper Bollinger Band area near $9.059 after bouncing from its 24h low of $7.663. What's interesting is the RSI sitting at 72.5 in one chart - technically overbought, but in crypto, we know these conditions can persist during strong trends.
Volume tells an important story - while 24h volume sits at $8.77M, some charts show MA(5) volume declining from 24K to 6K, which suggests the rally might need fresh momentum to continue. The MACD is positive but showing some mixed signals across timeframes.
Key levels to watch:
- Resistance at $9.089 (24h high) - a break above could target $9.45
- Support at $8.216 (middle Bollinger Band)
- Stronger support at $7.663 (24h low)
For spot traders, this presents a few opportunities:
1) If you're already in, consider taking partial profits near $9.089
2) For new entries, waiting for a pullback to $8.50-$8.80 might offer better risk/reward
3) A decisive break above $9.10 could signal continuation
The DeFi angle makes this particularly interesting for traders watching the sector rotation. The token's recent performance suggests it's outperforming many peers, which could attract more attention if the momentum holds.
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